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Earnings Per Share Earnings Per Share (Notes)
 3 Months Ended
Mar. 31, 2015
Earnings Per Share [Abstract]  
Earnings Per Share [Text Block]
Earnings Per Share
Basic earnings per share is computed by dividing income from continuing operations and income from discontinued operations, respectively, net of income taxes, by the weighted-average number of common shares outstanding for each period. Diluted earnings per share is computed by dividing income from continuing operations and income from discontinued operations, respectively, net of income taxes, by the sum of weighted-average number of shares of common shares outstanding and dilutive potential common shares.
Because the Company generated net losses for the three months ended March 31, 2014, the weighted-average basic shares outstanding was used in calculating diluted loss per share from continuing operations and diluted loss per share from discontinued operations, as using diluted shares would be anti-dilutive to loss per share.
Basic and Dilutive Net Earnings Per Share Reconciliation
 
Three Months Ended March 31,
(In millions, except per share data)
2015
 
2014
Income/(loss) from continuing operation, net of income taxes
6,779

 
(309
)
Loss from discontinued operation, net of income taxes
(7
)
 
(77
)
Net income/(loss) attributable to Caesars
6,772

 
(386
)
 
 
 
 
Weighted average common share outstanding
145

 
137

Dilutive potential common shares:
 
 
 
Stock options
2

 
—

Weighted average common shares and dilutive potential common shares
147

 
137

 
 
 
 
Basic income/(loss) per share from continuing operations
$
46.86

 
$
(2.26
)
Basic loss per share from discontinued operations
(0.05
)
 
(0.56
)
Basic income/(loss) per share
$
46.81

 
$
(2.82
)
 
 
 
 
Diluted income/(loss) per share from continuing operations
$
46.17

 
$
(2.26
)
Diluted loss per share from discontinued operations
(0.05
)
 
(0.56
)
Diluted income/(loss) per share
$
46.12

 
$
(2.82
)

Weighted-Average Number of Anti-Dilutive Shares Excluded from Calculation of EPS
 
Three Months Ended March 31,
(In millions)
2015
 
2014
Stock options
3

 
5

Restricted stock units and awards
1

 
1

Total anti-dilutive common shares
4

 
6